Alia approves N378bn National Food City Investment in Benue
Benue State Government has approved an investment agreement valued at approximately N378 billion for the establishment of the National Food City Project at Ogyoma Akpa in Otukpo Local Government Area. The project, approved during the State Executive Council meeting presided over by Governor Hyacinth Alia, is expected to generate more than 15,000 direct employment opportunities […] Alia approves…
The Benue State Government has approved a significant investment agreement valued at N378 billion for the National Food City Project in Otukpo Local Government Area. This project, approved during a meeting of the State Executive Council chaired by Governor Hyacinth Alia, aims to boost food production and processing in the region.
Chief Solomon Iorpev, Commissioner for Information and Orientation, announced that the project will cover over 30,000 hectares of land and generate more than 15,000 direct employment opportunities. The facility will transform farm produce into finished products for both domestic and export markets. Iorpev explained that the project will involve 40,000 farmers supplying commodities like rice, cassava, and maize, along with livestock feed.
The investment agreement is set to remain in force for 25 years, after which ownership will be transferred to the Benue State Government. This major private-sector agricultural investment aligns with the Alia administration's efforts to enhance Benue's business environment through policies focused on ease of doing business and attracting both domestic and international investors.
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